Nov 5th, 2009 - CNNMoney
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BERLIN -(Dow Jones)- German Finance Minister Wolfgang Schaeuble said Thursdayhe would address the issue of Opel when meeting with U.S. Treasury SecretaryTimothy Geithner on the sidelines of a meeting of Group of 20 officials in StAndrews, Scotland.
His comments come after General Motors Co.'s board late Tuesday decided toretain the firm's core European operations, embarrassing German federal andstate governments, which had in recent months lobbied hard for the sale of Opelto Canadian car-parts maker Magna International Inc. (MGA) and two Russianpartners, OAO Sberbank and OAO Gaz.
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Magna shares race higher on earnings, Opel fallout
Nov 6th, 2009 - CNNMoney
* Shares end up 14.2 pct in Toronto, 13.1 pct in New York * UBS, BMO, Citigroup and CIBC up share-price targets * Company renews focus on auto parts * Shares up over 25 percent since Opel deal terminated (Adds details...
GM Said to Replace Forster, Seek German Executive to Run Opel
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- General Motors Co. plans to replaceCarl-Peter Forster as head of European operations and appointNick Reilly as interim leader after deciding to keep the Opeldivision...Magna focusing on core business after Opel saga
Nov 5th, 2009 - CNNMoney
* Magna not looking to buy a stake in any other automakers * Q3 profit $0.45/share vs year-ago share loss of $1.93 * Sales down 16 pct to $4.67 billion * Analysts expected loss of $0.19/share...
Workers angry sale of Opel is off
Nov 6th, 2009 - Boston
RUESSELSHEIM, Germany - Fearing layoffs, thousands of Opel workers walked off the job yesterday to protest General Motors Co.'s decision to abandon the unit's sale. Their indignation was echoed by German and Russian politicians...
GM readies Opel plan, workers strike
Nov 5th, 2009 - Reuters
DETROIT/RUSSELSHEIM, Germany (Reuters) - General Motors Co GM.UL on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German...
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